10-Q Filing

COSMOS GROUP HOLDINGS INC. CIK: 1706509 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001683168-19-002594`
Period End Date	20190630
Filing Date	20190814
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	cosg-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 68 Cash Flow Statement 52 Stockholders Equity 18

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.72K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$54.10K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$41.98K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.70K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$66.25K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.49M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.49M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.49M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$83.73K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$73.81K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$124.51K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$149.97K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.04K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$64.32K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$278.29K	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent`	$150.08K	USD	Point-in-time
Current portion of obligation under finance lease	`FinanceLeaseLiabilityCurrent`	$20.00K	USD	Point-in-time
Current portion of obligation under finance lease	`FinanceLeaseLiabilityCurrent`	$18.33K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$16.34K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$16.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$230.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$377.28K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$13.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$13.00K	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Obligation under finance leases	`FinanceLeaseLiabilityNoncurrent`	$8.33K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$13.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$21.33K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$251.79K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$390.28K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 30,000,000 shares authorized; no preferred stock issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 30,000,000 shares authorized; no preferred stock issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 21,492,933 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$21.49K	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 shares authorized; 21,492,933 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$21.49K	USD	Point-in-time
Accumulated losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-123.31K	USD	Point-in-time
Accumulated losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-287.27K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-150.58K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-562.61K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-265.77K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-264.14K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-112.91K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$124.51K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$149.97K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$225.15K	USD	1 Quarter
REVENUE	`Revenues`	$265.55K	USD	2 Qtrs
REVENUE	`Revenues`	$358.87K	USD	2 Qtrs
REVENUE	`Revenues`	$137.55K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$222.95K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$224.02K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$342.28K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$131.35K	USD	1 Quarter
Gross profit	`GrossProfit`	$41.53K	USD	2 Qtrs
Gross profit	`GrossProfit`	$6.20K	USD	1 Quarter
Gross profit	`GrossProfit`	$16.59K	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.20K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$307.40K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$204.37K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$472.57K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$120.83K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$120.83K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$204.37K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$307.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$472.57K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-455.98K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-162.84K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-114.63K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-305.20K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$15.00	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$16.00	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$1.00	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.12K	USD	2 Qtrs
Interest expense	`InterestExpense`	$562.00	USD	1 Quarter
Interest expense	`InterestExpense`	$562.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.12K	USD	2 Qtrs
Sundry income	`OtherIncome`	-	USD	2 Qtrs
Sundry income	`OtherIncome`	-	USD	1 Quarter
Sundry income	`OtherIncome`	-	USD	1 Quarter
Sundry income	`OtherIncome`	$100.00	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-1.12K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-562.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-547.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-1.01K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-163.96K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-115.20K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-456.99K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-305.75K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-163.96K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-456.99K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-115.20K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-305.75K	USD	1 Quarter
- Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
- Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-7.28K	USD	2 Qtrs
- Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
- Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-115.20K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-305.75K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-464.26K	USD	2 Qtrs
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-163.96K	USD	2 Qtrs
Net loss per share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Weighted average common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	1 Quarter
Weighted average common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	2 Qtrs
Weighted average common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	2 Qtrs
Weighted average common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.49M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-163.96K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-456.99K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-115.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-305.75K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$14.10K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$9.92K	USD	2 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$4.96K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$34.23K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.26K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.12K	USD	2 Qtrs
Purchase deposits	`IncreaseDecreaseInDepositsOutstanding`	-	USD	2 Qtrs
Purchase deposits	`IncreaseDecreaseInDepositsOutstanding`	$8.65M	USD	2 Qtrs
Deposits and prepayments	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$331.68K	USD	2 Qtrs
Deposits and prepayments	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$729.27K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.28K	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$8.47M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-210.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-121.64K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$149.32K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-149.32K	USD	2 Qtrs
Amount due to a related company	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$78.29K	USD	2 Qtrs
Amount due to a related company	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$128.21K	USD	2 Qtrs
Amount due to a director	`ProceedsFromContributionsFromAffiliates`	$225.72K	USD	2 Qtrs
Amount due to a director	`ProceedsFromContributionsFromAffiliates`	-	USD	2 Qtrs
Proceeds from bank borrowing	`ProceedsFromBankDebt`	-	USD	2 Qtrs
Proceeds from bank borrowing	`ProceedsFromBankDebt`	$1.50M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$10.00K	USD	2 Qtrs
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$10.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.79M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$118.21K	USD	2 Qtrs
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$45.50K	USD	2 Qtrs
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.48M	USD	2 Qtrs
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.43K	USD	2 Qtrs
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.72K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.15K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$99.58K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.72K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.12K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.12K	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-150.58K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-562.61K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-265.77K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-264.14K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.28K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.28K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-163.96K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-456.99K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-115.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-305.75K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-150.58K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-101.81K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-562.61K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-265.77K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-264.14K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-112.91K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.